Gandhar Oil Refinery (India) Ltd.
Industry:
Lubricants
Issue Details
Open Date
22 Nov 2023Close Date
24 Nov 2023Size (in Crs.)
359.023
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-9Lot Size
88
Type
Book building
Face Value
2
Market Lot
1
Objective of the Issue
1. Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda2. Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at our Silvassa Plant; (ii) expansion in capacity of petroleum jelly and accompanying cosmetic product division at our Taloja Plant; and (iii) expansion in capacity of white oils by installing blending tanks at our Taloja Plant3. Funding working capital requirements of our Company4. General corporate purposes
Description
Our Company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries (Source: CRISIL Report). As of June 30, 2022, our product suite comprised over 350 products primarily across the personal care, healthcare and performance oils (“PHPO”), lubricants and process and insulating oils (“PIO”) divisions under the “Divyol” brand. Our products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer... Show More
Address
18th Floor, D L H Park , S. V. Road , Goregaon West
Mumbai
400062
State
Maharashtra
Phone No.
022 40635600
investor@gandharoil.com
Website
www.gandharoil.com
Promoter Holding
Promoters:
Aslesh Ramesh Parekh, Ramesh Babulal Parekh, Samir Ramesh Parekh
Total Share Capital
70000000
Offered to Public
21243940
% Promoter's Holding (Pre-Issue)
87.5
% Promoter's Holding (Post-Issue)
64.63
Shares on offer
Total Share Offer
70000000
Of above offred to public
21243940
Post Issue shares
NA
Post Issue Promoters
64.63
Lead Managers to the Issue:
ICICI Securities Ltd, Nuvama Wealth Management Ltd.
Registrar Details
Registrar Name:
Link Intime India Pvt Ltd.
Address
C 101, 247 Park , LBS Marg , Vikhroli (West) , Mumbai
400083
Phone No.
91-022-49186000/49186270
helpdesk@linkintime.co.in
Website
www.linkintime.co.in
Fax
91-022-49186060